Is Apple a Buy at $500?

The iPhone 5's large screen was touted as one of its best features when it debuted, but on Monday it was the device's Achilles' heel, as investors saw Apple's lowered orders for the panels as evidence of waning demand.

On Monday, the Wall Street Journal published an article detailing Apple's (ticker: AAPL) cuts to suppliers of iPhone 5 components, citing anonymous sources that attributed the move to weaker-than-expected demand.